The following passage was written by me for Bill Still’s book No More National Debt. I thank Bill for his permission to reproduce it …
Economic Analysis, Theory
The Budget 2012: Let's rearrange those deckchairs boys!
Budget day today, however, this is not the place for a full analysis of the ongoing deckchair rearrangement. We here at Positive Money just …
Prof. Steve Keen: Banks versus the Economy, Tue 3rd April
LSE and BBC Radio 4 public conversation Date: Tuesday 3 April 2012 Time: 6.30-8pm Venue: Old Theatre, Old Building Speaker: Professor Steve …
Cutting Out the Middle Man
The National Loan Guarantee Scheme looks set to have a minimal impact on our economy’s major imbalances. According to research by Positive …
On the Nature of Physical Cash in the UK
Currently less than 3% of our medium of exchange in the UK is physical cash in the form of notes and coins. The remaining 97% plus …
Do Banks Lend Money?
It might seem strange to ask the question "do banks lend money?" (although perhaps not to readers of this blog!) After all, we are …
Brilliant Historical Charts and Discussion of Debt and Fractional Reserve Banking
Following is a wonderful conversation between financial journalist Kate Welling and economist Lacy Hunt. Some of you might find this …
Banking Wasn’t Meant to Be Like This, Michael Hudson
Michael Hudson (the man who once fired Alan Greenspan) is research professor of economics at University of Missouri, Kansas City …
Contagion?… Armageddon?… Why?
Big companies go bust every now and then, and in the process some of their smaller suppliers may go bust too. But the cascade/wave of …